Apple Shares Drop after Backing out on Macworld

In a not so big surprise Apple's share value dropped after an announcement that Apple would no longer attend Macworld after 2009.

But that was not the full reason that the stocks dropped (if rumors are to be believed.) In addition to Apple backing out on Mac World, it seems that the Patron Saint of Fruit Steve Jobs will not even deliver the Key Note speech at their last attendance. Many speculate this is due to Job's declining but there is no confirmation of that.

Another analyst, Douglas McIntyre, said Jobs, who has fought a bout against pancreatic cancer in the past, may simply have decided to skip MacwWorld because he has "nothing spectacular to debut.""Since he never shows up in public without a new blockbuster product, he may be dodging the show because he has nothing to show there," McIntyre wrote on 247wallst.com.

Apple also announced that the upcoming MacWorld would be the company's final appearance at the trade show, which brings together Macintosh computer devotees, developers and innovators pitching Macintosh-related products.

Since the first Macworld was held in San Francisco in 1985, Jobs had used his keynotes to unveil world-captivating products such as the iPod.

Apple downplayed its decision to pull out of Macworld, saying that its popular real-world and online stores have made it easy to connect with fans without having to spend money on an expo.